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Petróleo Brasileiro S.A. - Petrobras informs that its Board of Directors, in a meeting held today, approved the dismissal of Anelise Quintão Lara and elected Rodrigo Costa Lima e Silva as Chief Refining and Natural Gas Officer. The Refining and Natural Gas Office is responsible for the industrial operations of refining and natural gas and is... Continue Reading →
The oil and gas industry expects to boost investment in the energy systems of the future this year as companies seek to transform for the long term, DNV GL said. In a new report named ‘Turmoil and Transformation: The outlook for the oil and gas industry in 2021’, DNV GL claimed that a record two-thirds... Continue Reading →
Marine seismic player Polarcus said on Tuesday it has defaulted on debt payments and that it will halt all interest and installment payments to finance providers. As a result, the company’s shares fell over 30 percent before the Oslo Stock Exchange stopped trading on Tuesday morning. During these difficult market conditions, Polarcus has been in detailed discussions... Continue Reading →
Offshore drilling contractor Diamond Offshore has entered into a restructuring agreement to deleverage its balance sheet and is now seeking to emerge from Chapter 11 bankruptcy. Diamond said on Monday it had entered into a plan support agreement with holders of over 70 per cent of each of its senior unsecured notes and revolving credit... Continue Reading →
Japanese trading house Sumitomo Corp will stop investing in new oil development projects as it shifts away from fossil fuels businesses amid a global push to cut greenhouse gas emissions, the Nikkei business daily reported on Sunday. The move comes as global miners and Japanese trading companies cut their exposure to coal operations, including mining... Continue Reading →
Oil major BP has drastically cut its fossil fuel exploration team in an attempt to keep up with the fast-moving revolution focused around renewables and climate change. BP’s team of geologists, engineers, and scientists have been cut to less than 100 from a peak of more than 700 a few years ago, according to company... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in compliance with the provisions of article 157, paragraph 4 of Law No. 6,406, of December 15, 1976, as amended (“Corporations Law”), Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários) (“CVM”) Rule No. 358, dated January 3, 2002, as amended, and CVM Rule No. 476, dated January 16, 2009,... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on October 1, 2020, informs that the Petros Deliberative Council and the company's Board of Directors have approved a new version of the documentation for the opening of the Petros Plan 3 (PP-3) and migration process, after the conclusion by Petros of the adjustments... Continue Reading →
Proposals for the construction of the P-78 and P-79 platforms will be delivered on February 1 In continuity with its development strategy for the Búzios field, in the Santos Basin pre-salt, on February 1, Petrobras will receive proposals from pre-qualified companies for the bidding for the construction of platforms P-78 and P -79. The bidding... Continue Reading →
Former Shell director Andy Brown will become CEO at Portuguese oil and energy company Galp Energia from Feb. 19, the company said, with boss Carlos Gomes da Silva leaving two years before the end of his mandate. The decision was agreed upon by Gomes da Silva and board chair Paula Amorim, and will be submitted... Continue Reading →
